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Get your taxes done using TurboTax
Please answer "Yes". If you acquired any virtual currency in 2021, the IRS will want you to answer "yes" to this question, even if it is not a taxable event this year. This question is right on Form 1040, so it is included in everyone's return.
Rules for the taxation of cryptocurrency are still evolving, so this is different than the question last year. For more information, please see this IRS frequently asked question page. IRS Virtual Currency FAQs
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‎February 14, 2022
6:21 AM